Registered education savings plan (RESP)

Start early—you can open an RESP as soon as a child has a social insurance number

Set up regular contributions

Maximize CESG grants by contributing $2,500 each year, up to the maximum Canada Education Savings Grant (CESG) of $7,200 for each child, available up to the end of the year that the child turns 17 (there are eligibility restrictions in the year a child is turning 16 and 17)